Students Working At Desks In Chinese School Classroom
Weekly investor research

China’s state-capitalism model remains intact

By Gustavo Medeiros

Chinese stocks sold-off after the government announced regulatory measures to the educational sector and Shanghai hiked mortgage rates. Hungary hiked policy rates by a larger magnitude than expected. India’s goods and services tax collections were better than expected in June. Economic data decelerated in South Korea. Brazilian current account surplus disappointed, while South Africa and Mexico’s trade surplus and Thailand`s current account deficit were better than expected. Russia’s construction activity picked up, and the unemployment rate dropped in Russia and Chile. Turkey consumer confidence increased.

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